UAE Emerges as Leading Investment Destination with Record FDI Growth in 2023

The UAE continues to attract record foreign direct investment (FDI), reinforcing its status as a top global investment destination. In 2023, the country recorded $16 billion in FDI, marking a 35% year-over-year increase, according to the UNCTAD 2024 World Investment Report.

Economic Growth & Business Expansion

• 200,000 new economic licenses issued in 2024, increasing market activity to over 1.1 million businesses.
• FDI growth driven by business services, IT, financial services, industrial equipment, and transportation.
• 7.5% rise in employment and a 31% increase in announced projects.

Legislative & Sectoral Developments

• The UAE Ministry of Economy introduced nine major economic legislations in the past six years, focusing on family businesses, e-commerce, and consumer protection.
• Renewable energy, electric vehicles, and cloud computing are emerging as key investment areas.
• Competitive legal framework & economic diversification continue to attract global capital.

With AED 112.6 billion in FDI inflows in 2023, the UAE remains a powerhouse for global investment, offering unparalleled opportunities for businesses across established and emerging sectors.

News Source: Emirates News Agency